In Terms of Strategic Cost Management for Not-For-Profit Organizations, Which

question 45

Multiple Choice

In terms of strategic cost management for not-for-profit organizations, which of the following is false?

• A)Not-for-profit organizations can benefit from strategic cost management since they must prove their effectiveness and efficiency to a number of different stakeholders.
• B)The balanced scorecard can be used to measure the organization's performance.
• C)Value chain analysis can be used for analyzing the organization's product design, product testing, advertising, and production processes.
• D)SWOT analysis is most helpful for non-profit organizations when it deals with the organization's competitive threats, opportunities, and critical success factors.

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Definitions:

Extraction Cost

The expenses associated with the removal of raw materials from their natural setting, including mining, drilling, and quarrying activities.

Interest Rates

The cost of borrowing money or the return on investment for savings, typically expressed as a percentage of the principal.

Conflict Diamonds

Diamonds that are mined and sold by combatants in war zones in Africa as a way to provide the currency needed to finance their military activities.

Extraction Costs

The expenses associated with the removal of natural resources from the earth, such as mining for minerals or drilling for oil.